Forex

Midday update for the EURUSD 16-08-2019

2019-08-16 10:33:16 GMT (Economies.com)

The EURUSD pair resumes its negative trading to surpass 1.1100 level, reinforcing the expectations of continuing the bearish trend for the rest of the day, which targets visiting 1.1000 level as a next main station, noting that the EMA50 supports the suggested negative scenario, which its continuation conditions holding below 1.1180.

 

The expected trading range for today is between 1.1000 support and 1.1180 resistance.

 

The expected trend for today: Bearish

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